Finance Ministry presents three new investor facilitation packages to PM to boost investment climate    Egypt, Bahrain explore deeper cooperation on water resource management    Egypt condemns Israeli offensive in Gaza City, warns of grave regional consequences    Cairo University, Roche Diagnostics inaugurate automated lab at Qasr El-Ainy    Egypt expands medical, humanitarian support for Gaza patients    Egypt investigates disappearance of ancient bracelet from Egyptian Museum in Tahrir    Egypt launches international architecture academy with UNESCO, European partners    African trade ministers meet in Cairo to push forward with AfCFTA    Egypt's President, Pakistan's PM condemn Israeli attack on Qatar    Egypt signs MoUs with 3 European universities to advance architecture, urban studies    Madrid trade talks focus on TikTok as US and China seek agreement    Egypt wins Aga Khan Award for Architecture for Esna revival project    Egypt's gold prices hold steady on Sep. 15th    Egypt's Sisi, Qatar's Emir condemn Israeli strikes, call for Gaza ceasefire    Egypt condemns terrorist attack in northwest Pakistan    Egypt advances plans to upgrade historic Cairo with Azbakeya, Ataba projects    Egyptian pound ends week lower against US dollar – CBE    Egypt hosts G20 meeting for 1st time outside member states    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt seeks Indian expertise to boost pharmaceutical industry    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egyptian, Ugandan Presidents open business forum to boost trade    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Cementing ties
Published in Al-Ahram Weekly on 02 - 11 - 2017

Combating terrorism was one of the main topics discussed during President Abdel-Fattah Al-Sisi's three-day trip to France and was highlighted in the joint press conference held with French President Emmanuel Macron on 24 October, reports Reem Leila. Al-Sisi's trip took place following the killing of 16 police personal in Egypt's Western Desert.
Meeting with French Minister of Interior Gérard Collomb, Al-Sisi said cooperation between the two countries in fighting terrorism should be stepped up in the face of the mounting terrorist threat.
France is seeking to limit the flow of refugees from Libya and other southern Mediterranean countries. Egypt has a 1,200-kilometre border with Libya, and halting the cross border infiltration of terrorists along its length is a subject in which France is very interested.
Military and economic cooperation was also high on the agenda of the visit.
Following his meeting with Al-Sisi French Finance Minister Bruno Le Maire said he would soon visit Egypt at the head of a large delegation of French investors. Al-Sisi also met with the CEOs of leading French companies.
Le Maire told French journalists a day before Al-Sisi's arrival that the sale of more Rafale combat aircraft to Egypt would be discussed.
In the last two years several military agreements between the two countries have been concluded, including the sale of 24 Rafale aircraft, a multi-mission frigate and two Mistral warships.
Al-Sisi invited French companies to participate in Egypt's new mega projects, highlighting investment opportunities in the Suez Canal Development Zone which seeks to maximise the huge potential of the Suez Canal as a gateway between the east and west.
Al-Sisi met with Jean-Bernard Lévy, CEO of Electricité de France (EDF), the state-owned utility company which produces almost 20 per cent of the EU's electricity output, the vast majority of which comes from nuclear plants. They discussed ways to diversify Egypt's energy sources. EDF hopes to expand its presence in Egypt in the field of gas exploration and in developing renewable energy.
Al-Sisi signed 16 Memoranda of Understanding (MoU) during the visit with a combined worth of 400 million euros. They include two loan agreements with the French Development Agency (AFD) to restore healthcare centres in five Egyptian governorates and refurbish Alexandria's East Wastewater Treatment Plant; joint declarations with the AFD to provide technical assistance to the Ministry of Electricity and to support social protection programmes; a loan agreement with AFD to support the Egyptian energy sector; three joint declarations with AFD to fund two solar power plants in Aswan to be built by the three French companies EREN, EDF and Voltalia in cooperation with the Egyptian government; a letter of intent according to which France will supply Egypt with 500 mobile food carts; a declaration of intent between both governments to finance feasibility studies to develop urban transport networks in Mansoura governorate; an MoU between RATP company and Egypt's National Authority for Tunnels to maintain line one of Cairo's metro and operate line three and a declaration of intent to establish a French-Egyptian university.


Clic here to read the story from its source.